Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.9640074 |
details, prediction |
TRON
TRX
|
0.9512769 |
details, prediction |
EOS
EOS
|
0.946323 |
details, prediction |
Binance Coin
BNB
|
0.93771714 |
details, prediction |
Bitcoin
BTC
|
0.9320523 |
details, prediction |
Second tier
|
HoloToken
HOT
|
0.9644145 |
details, prediction |
DigiByte
DGB
|
0.96021324 |
details, prediction |
Waves
WAVES
|
0.9597849 |
details, prediction |
Verge
XVG
|
0.9585365 |
details, prediction |
Bitcoin SV
BSV
|
0.95188767 |
details, prediction |
Third tier
|
THEKEY
TKY
|
0.9734069 |
details, prediction |
Loopring [Neo]
LRN
|
0.9678703 |
details, prediction |
Einsteinium
EMC2
|
0.9617771 |
details, prediction |
XYO Network
XYO
|
0.9559476 |
details, prediction |
Haven Protocol
XHV
|
0.9534404 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Remme price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Remme
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.6418558 |
details, prediction |
USD//Coin
USDC
|
-0.47210655 |
details, prediction |
Cosmos
ATOM
|
-0.3192386 |
details, prediction |
Dogecoin
DOGE
|
-0.29779556 |
details, prediction |
Fantom
FTM
|
-0.19880001 |
details, prediction |
Second tier
|
SysCoin
SYS
|
-0.57179004 |
details, prediction |
Dai
DAI
|
-0.4525373 |
details, prediction |
True USD
TUSD
|
-0.43947855 |
details, prediction |
Paxos Standard
PAX
|
-0.41307756 |
details, prediction |
Aragon
ANT
|
-0.37773937 |
details, prediction |
Third tier
|
Abyss
ABYSS
|
-0.8079284 |
details, prediction |
Tycoon Global
TCT
|
-0.70392704 |
details, prediction |
Chronobank
TIME
|
-0.70193607 |
details, prediction |
PolySwarm
NCT
|
-0.6446567 |
details, prediction |
Medicalchain
MTN
|
-0.6422194 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)